Spending up but it won‘t cost you

Market Rasen Mayor John Matthews and Councillor David Strachan with the new 'Mill Pond' sign.
Market Rasen Mayor John Matthews and Councillor David Strachan with the new 'Mill Pond' sign.

On the day George Osborne presented his Autumn Statement, Market Rasen Mayor John Matthews also played chancellor with the setting of the town precept.

Mayor Matthews was able to present a budget of higher spending, without an increase in council tax to fund the town council, thanks to a growing population.

“At the last finance meeting I put forward some figures and a £103,000 precept suggestion based on responsible reviewing of actual expenditure for the last financial year, the actual expenditure over this year and the forecast over the next five months,” he said.

“The previous precept was £100,000. The reason for the increase was £2,000 to cover the cost of any potential elections (to town council) next May and 1% inflation. We believe we can run our business of the council on that figure. West Lindsey District Council have come back with a tax calculator. Because the volume of residents in our parish has increased, they say we can spend more- £103,674- with nil increase to the ratepayer.”

Coun Steve Bunney said the council “could do something positive for the town” with the extra £674.

The precept was set at £103,674, a “zero tax increase.”